STS Group AG

  • WKN: A1TNU6
  • ISIN: DE000A1TNU68
  • Land: Deutschland

Nachricht vom 17.11.2020 | 07:30

STS Group AG specifies outlook for fiscal year 2020

DGAP-News: STS Group AG / Key word(s): Forecast
17.11.2020 / 07:30
The issuer is solely responsible for the content of this announcement.

Hallbergmoos/Munich, November 17., 2020. STS Group AG (ISIN: DE000A1TNU68), a global system supplier to the automotive industry, listed in the General Standard of the Frankfurt Stock Exchange, today specifies the outlook for fiscal year 2020 based on the latest information on business performance and following the deconsolidation of the Acoustics business segment.

Previously, the Management Board had decided to issue only a comparative forecast due to the high level of uncertainty in connection with the ongoing COVID-19 pandemic. It assumed that sales in the financial year 2020 will be significantly below the level of the previous year and a declining Adjusted EBITDA margin was expected.

As a result of the general market downturn, particularly in Europe, STS continues to expect a year-on-year decline in sales of -16.0% (305 mEUR) to -14.0% (312 mEUR) (excluding the Acoustics business segment: -8.0% (231 Mio. EUR) to -5.1% (238 Mio. EUR)) for fiscal year 2020 (2019: 363 mEUR, excluding the Acoustics business segment: 251 mEUR).

At the same time, the company expects to achieve an Adjusted EBITDA margin, adjusted for extraordinary expenses, in the range of 4.0% to 4.8% for the full year 2020 (2019: 4.9%). In the current financial year, extraordinary expenses relate to the closure of the Group headquarters in Hallbergmoos and in connection with the sale of the Acoustics business segment. The implementation of the two measures will lead to significantly improved profitability in the coming financial year.

The forecast of STS Group assumes that the increasingly positive development of customer call-offs to the previous year's level, which already started in the third quarter, will continue towards the end of the year. Moreover, it presumes that the China segment will continue its strong growth in the fourth quarter. Finally, the sale of the loss-making Acoustics business segment, which was completed at the end of October, is now being reflected. This forecast assumes that no further COVID-19 related significant restrictions on the general business development will occur.

About STS Group:
STS Group AG ("STS") is a leading system supplier to the automotive industry. It employs more than 1,600 people worldwide and generated revenues of 362.8 mEUR in the financial year 2019. STS produces and develops at its 12 plants and three development centers in France, Germany, Mexico, China and, in the future, also in the USA plastic injection moulding and components made of composite materials (Sheet Molding Compound - SMC), such as solid and flexible vehicle and aerodynamic trim, entire interior systems, as well as lightweight construction and battery components for electric vehicles. STS is considered as a technology leader in the manufacture of plastic injection moulding and components made of composite materials. STS has a large global footprint with plants in three continents. The customer portfolio comprises leading international manufacturer of commercial vehicles, passenger cars and electric vehicles.

STS Group AG
Stefan Hummel
Head of Investor Relations
Zeppelinstrasse 4
85399 Hallbergmoos
+49 811 1244 9412

17.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at

show this


International School Augsburg (ISA): Investment in den Rohstoff Bildung

Die in Gersthofen bei Augsburg ansässige International School Augsburg (ISA) plant als erste internationale Schule in Deutschland den Gang an die Börse und macht damit erstmals das Thema „Bildung“ unter ESG-Kriterien investierbar. Die ISA, an der derzeit rund 330 Schüler eingeschrieben sind, ist als internationale Schule Teil eines globalen Schulnetzwerkes, welches das in Deutschland anerkannte IB-Diploma als Hochschulzugangsberechtigung anbietet. Im Rahmen des geplanten Campus-Neubaus sollen die Kapazitäten erweitert und damit die hohe Nachfrage nach privaten Bildungsleistungen in Deutschland und in der Region erfüllt werden. GBC-Analyst Cosmin Filker hat mit dem ISA-Vorstand Marcus Wagner gesprochen.

News im Fokus

Linde Recognized as One of the 2021 World's Most Ethical Companies

01. März 2021, 12:00

Aktueller Webcast

Stealth BioTherapeutics

H.C. Wainwright Global Life Sciences Conference at 7:00 am ET

09. März 2021

Aktuelle Research-Studie


Original-Research: DATRON AG (von BankM AG): Kaufen

02. März 2021